Rail

N.C. CATS restoring $10M in light rail projects

CHARLOTTE, N.C. — The Charlotte Area Transit System (CATS) is restoring about $10 million in projects — including a parking deck and additional ticket vending machines — to the light-rail extension that had been cut four years ago, reported the Charlotte Observer.

In 2010, when CATS was concerned with whether it could afford to build the Blue Line extension, the transit system removed some features to save money. The transit system said most of the contracts for the $1.1 billion rail line have been awarded and prices have been more favorable than projected. The city said bids came in 14% lower than expected. For the full story, click here.

The company continues to be a market leader in rail-mounted mining equipment and has diversified into the production of full-scale surface locomotives for freight and passenger applications and streetcars.